PC.5.I.9 - Using the Transfer function
- 6 steps
ProAdvisor Challenge
This exercise is a ProAdvisor Challenge provided by Intuit. To find the original, log in to your QuickBooks Online Accountant (QBOA) account, then follow this path:
- In the left navigation bar, hover over ProAdvisor, then click **Training**.
- Click the **Training Library** tab.
- Click **QuickBooks Online** to expand (it may already be expanded).
- Click on the **Banking** tile.
- Click **Intermediate Skills** to expand, if necessary.
- Click on the **9. Using the Transfer function** section.
The exercise can be found towards the bottom of the page, under ProAdvisor Challenge.
*Note: You may need to answer the Knowledge Check before having access to the ProAdvisor Challenge section.*
The Sample Company
1
To complete this exercise, you must be in the Sample company. To get into it, click on the Gear icon on the top right corner of the screen, then select Sample company.
Note that you will be logged out of your current account. If you are sure, click "Continue" to confirm.
Hands On Practice
Now let's get started with the exercise. Remember, the scenario is below:
Your client, Craig, asked you to help him transfer some money to his savings account.
Here’s what you need to do:
- Create a Transfer transaction
Here’s some useful information:
- The amount is **$500**
- The transfer is from his **checking account** to his **savings account**
2
Click the "+New" button, then select "Transfer".
3
In the Transfer Funds From field, select "Checking".
4
In the Transfer Funds To field, select "Savings".
5
In the Transfer Amount field, type "500".
For the purposes of this exercise, leave the date field as is (this defaults to today).
In a real life scenario, you would want this date to match the day the transfer took place.
6
Click the "down arrow" next to Save and new, then select "Save and close".
🏋️♀️ Get More Practice
This exercise was featured as an Exercise of the Week in the QBO Gym. Do more hands-on exercises just like this by joining our FREE, 5-day Bookkeeping Challenge. [Just click here.](https://www.fastandeasyqbo.com/gym5)
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